Goldman Sachs said it was exploring NFT tokens, and in particular “Tokenization of real assets” as investment banks delve deeper into the crypto space.
The Metaverse, where real-world assets such as real estate are bought and sold in NFT format, are gaining interest from a wide range of financial service providers and other industries.
“We are exploring NFTs in the context of financial instruments, and the power is actually very powerful. So we have a lot of work to do,” Mathew McDermott, Global Head of Digital Assets at Goldman Sachs, said at the Financial Times Crypto and Digital Assets Summit on Wednesday.
The bank has entered crypto, initially offering bitcoin derivatives to investors in 2021, and ran its first OTC Crypto trading with digital asset finance firm Galaxy Digital in March of this year.
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